SEC Dealer Rule Collapse: Impact on Toxic Lenders & OTC Penny Stocks
Learn how the SEC's Dealer Rule targeted toxic lenders in penny stock markets — and why its defeat means ongoing risks for…
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Commissioner Mark Uyeda Dissents in Unregistered Dealer SEC Enforcement Action
In his dissent, Uyeda seems to accept the generally accepted description of variable-rate convertible notes as "toxic" and "death spiral" financings that…
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SEC Charges John McAfee, Jimmy Watson, Jr with Fraudulently Touting ICOs
On October 6, 2020, the Securities and Exchange Commission (the “SEC”) charged businessman and computer programmer, John McAfee, for promoting investments in…
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Edward T. Kelly, Aceto Corporation Controller, Charged with Insider Trading
Edward T. Kelly, Aceto Corporation, Insider Trading, Lakewood Ranch Florida
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SEC Obtains Final Judgment Against Nicholas Tornello, Hill International, Inc
On October 1, 2020, the U.S. District Court for the Eastern District of Pennsylvania entered a final consent judgment against Nicholas Tornello,…
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AmTrust and Ronald E. Pipoly, Jr Charged with Faulty Loss Reserves Disclosures
On June 17th, 2020, the SEC charged international insurance company AmTrust Financial Services, Inc. and its former CFO Ronald E. Pipoly Jr.…
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SEC Obtains Final Judgments Against Daniel Adams, Michael Flanders, Spiderworx Media LLC, and An L.A. Minute LLC
The SEC has obtained final judgments against movie director and convicted felon Daniel Adams, music producer Michael Flanders, and companies under their…
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SEC Says Toxic Financing Lender and Dilution Funder John Fierro is a Dealer Not a Trader
Dilution Funders and Dilution Financings Challenged by SEC
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SEC Obtains Judgment Against Giga Entertainment, Inc. CEO Gary Nerlinger
The U.S. District Court for the Eastern District of New York entered a final judgment as to monetary relief against the former…
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SEC Settles with Three Defendants in Boiler Room Scheme
The SEC announced that it has obtained final judgments by consent against Ronald Hardy, Anthony Vassallo, and Sergio Ramirez charged for their…
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SEC Reaches Settlements with Traders in Newswire Hacking and Trading Scheme
The SEC announced that it has obtained court approval of settlements with eight defendants: Arkadiy Dubovoy, Igor Dubovoy, Southeastern Holding and Investment…
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SEC Charges Jason C. Nielsen in Manipulative Trading Scheme Involving Covid-19 Claims
The SEC charged Jason C. Nielsen, a penny stock trader in Santa Cruz, California, with conducting a fraudulent pump-and-dump scheme in the…
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SEC Enters Final Judgment Against Brandon Copeland, E.B. & Copeland Capital, Inc.
United States District Court for the Northern District of Ohio entered final consent judgments against recidivist investment adviser Brandon E. Copeland and…
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SEC Obtains Preliminary Injunction Against Paul Horton Smith, Sr., Northstar Communications, LLC, Planning Services, Inc. and eGate
The United States District Court for the Central District of California entered a preliminary injunction and orders freezing assets and imposing other…
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Is My Toxic Lender and Dilution Funder a Dealer? – SEC Toxic Financing Actions
Dilution Funders have been charged by the SEC as unregistered dealers in violation of the Securities Exchange Act. Justin Keener and his…
Read MoreSEC Freezes Assets Against Daniel Putnam, Jean Paul Rico, and Angel Rodriguez
On June 5, 2020, the SEC announced an asset freeze against Daniel F. Putnam, of Utah, Jean Paul Ramirez Rico, of Colombia,…
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What is a SEC Trading Suspension? Securities Lawyer 101
SEC trading suspensions often leave investors in the dark. While SEC trading suspensions may be intended to prevent investor losses, the opposite…
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